August 2019 Portfolio Analytics - Where Is The Market Going?

First, here is the portfolio's VALUE BREAKDOWN, with:

1. Total Capital Invested (not including reinvested dividends);

2. Total Dividends Received; and

3. Capital Gain (from price appreciation)

I added only $27.23 (not including reinvested dividends) to the portfolio in the month of August, bringing my raw invested capital to $4,243.45. I would have liked to add more, but moving to a new place soon is preventing me from doing that.

It's interesting to see that my expectations for the broad market have been pretty spot on for the last couple months, as the S&P did pullback and moved entirely sideways for the whole August. 

September is looking better for the bullish crew however, and I believe 3000 is back on the table for the month.​

Still, I'm very happy with the portfolio's performance. Despite the pullback, it's up at a total return of 3.03% and an annualized return of 6.34% (by end of Aug).​


I trimmed the Financial sector a little by selling all of my MAIN shares. Main Street Capital is the premiere and most-loved BDC out there, but the valuation to me is getting too high. It looks like the dividend coverage has contracted as well. With a monthly dividend of $0.205 that equates to $0.615/quarter, the recent quarter's EPS of $0.63 represents a payout ratio of 97.6%. That's not entirely comforting. 

From a total return perspective, it just seemed the right time to sell the position. I realized gains of 17.78%, including the dividends, with an annualized total return yield of 53.24%. That's because I owned this stock for only 4 and half months. 

I also sold off my position in Global Net Lease (GNL). The dividend payout ratio in this one was already over 100%, and it continued to look worse over the last two quarters. I exited flat ultimately (realized gain of 40c). ​

I immediately recycled the capital and my gains into AbbVie (ABBV), Simon Property Group (SPG), Snap On (SNA), Synchrony Financial (SYF), and Eastman Chemical (EMN), positions already held in the portfolio.

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